The Market Rules provide for anyone to propose a Rule Change Proposal by completing a Rule Change Proposal Form. To facilitate the development of proposals, align similar proposals and enable orderly consideration of proposals, the IMO recommends external parties wishing to propose a rule change to first contact the IMO to discuss the issue to be addressed. These discussions will also assist rule change proponents to frame their proposals and identify how the rule change will further enable achievement of the Market Objectives.
To discuss your rule change proposal, please contact the Manager of Market Development and System Capacity (see contact details below).
Pre-rule change concept papers are also developed and presented to the Market Advisory Committee. An overview of the Concept Papers previously published or under discussion related to proposed changes to the Market Rules that have been presented to the Market Advisory Committee since 15 December 2006 is available here.
Once submitted, the proposal will be processed according to the process in the Market Rules. A rule change proposal can be processed using either a Standard process or a Fast Track process.
The Standard Rule Change process includes two rounds of consultation and will usually take around nineteen weeks. The Standard process involves consultation on a draft report published by the IMO prior to the publication of a final report. In consulting on a rule change proposal, the IMO may convene the Market Advisory Committee, meet with interested parties, procure technical advisers, or establish a technical working group drawing on industry representatives if this is considered necessary to appropriately develop or evaluate changes.
The Fast Track process is a shorter process that normally takes around five weeks to complete and is used when the proposed change is:
- of minor or procedural nature;
- required to correct a manifest error;
- urgently required and is essential for the safe, effective and reliable operation of the market or the South West Interconnected System (SWIS).
The IMO's decision on whether to accept a rule change proposal, and its reasons, will be published together with a time and date when accepted rule changes will come into force.
If the Rule Change relates to a protected provision (see Market Rule 2.8.13), the IMO will seek the Minister for Energy's approval.